Browsing Working Papers by Author "TALLON, Jean Marc"

Title:Flexible Contracts
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Author(s):GOTTARDI, Piero; TALLON, Jean Marc; GHIRARDATO, PaoloDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI ECO; 2011/26Abstract:This paper studies the costs and benefits of delegating decisions to superiorly informed agents relative to the use of rigid, non discretionary contracts. The main focus of the paper lies in the analysis of the costs of ...

Title:Flexible Contracts
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Author(s):GOTTARDI, Piero; TALLON, Jean Marc; GHIRARDATO, PaoloDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECO; 2009/34Abstract:This paper studies the costs and benefits of delegating decisions to superiorly informed agents relative to the use of rigid, non discretionary contracts. Delegation grants some flexibility in the choice of the action by ...